Banco Latinoamericano de Comerci Extr (NYSE:BLX) Price Target Raised to $26.00 at National Bank Financial

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Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its target price increased by National Bank Financial from $25.00 to $26.00 in a report issued on Friday, Stock Target Advisor reports. The firm currently has an outperform rating on the bank’s stock.

BLX has been the subject of several other research reports. CIBC raised their target price on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a research note on Wednesday, October 23rd. TheStreet upgraded shares of Banco Latinoamericano de Comerci Extr from a d+ rating to a c rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a hold rating to a buy rating and set a $22.00 target price for the company in a research note on Wednesday, September 25th. ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a sell rating to a strong sell rating in a research note on Saturday, August 31st. Finally, TD Securities raised their target price on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 and gave the stock a buy rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $24.33.

Shares of BLX stock traded up $0.43 during mid-day trading on Friday, hitting $22.08. The stock had a trading volume of 93,808 shares, compared to its average volume of 81,672. Banco Latinoamericano de Comerci Extr has a fifty-two week low of $16.02 and a fifty-two week high of $22.95. The firm has a market cap of $853.27 million, a PE ratio of 78.86 and a beta of 1.32. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.20 and a quick ratio of 2.09. The company’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $20.26.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its earnings results on Friday, October 18th. The bank reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a return on equity of 8.46% and a net margin of 28.00%. The firm had revenue of $29.52 million during the quarter, compared to analyst estimates of $35.00 million. On average, analysts expect that Banco Latinoamericano de Comerci Extr will post 2.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, October 29th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 6.97%. The ex-dividend date is Monday, October 28th. Banco Latinoamericano de Comerci Extr’s dividend payout ratio (DPR) is 550.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in BLX. Paradice Investment Management LLC lifted its stake in shares of Banco Latinoamericano de Comerci Extr by 2.0% in the third quarter. Paradice Investment Management LLC now owns 2,466,850 shares of the bank’s stock valued at $49,189,000 after purchasing an additional 47,355 shares during the period. Beddow Capital Management Inc. lifted its stake in shares of Banco Latinoamericano de Comerci Extr by 10.2% in the second quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock valued at $6,963,000 after purchasing an additional 30,939 shares during the period. Lee Danner & Bass Inc. lifted its stake in shares of Banco Latinoamericano de Comerci Extr by 2.3% in the second quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock valued at $12,615,000 after purchasing an additional 13,900 shares during the period. Rhumbline Advisers lifted its stake in shares of Banco Latinoamericano de Comerci Extr by 9.1% in the third quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock valued at $964,000 after purchasing an additional 4,021 shares during the period. Finally, Thomas White International Ltd. lifted its stake in shares of Banco Latinoamericano de Comerci Extr by 3.1% in the second quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock valued at $2,573,000 after purchasing an additional 3,702 shares during the period. Hedge funds and other institutional investors own 15.49% of the company’s stock.

About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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Analyst Recommendations for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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